BTC/ETH analysis on the morning of May 31:
The liquidation of whales continues!
The problems caused by tariffs are still continuing to ferment. The price index released last night was lower than expected, which indirectly reflects the severity of the US economy. Trump’s policy has increased the yield of US Treasury bonds and solved the current inflation problem. The subsequent approach is tantamount to compounding interest, and there will be a day when the thunder will burst. Funds in the crypto market have flowed out accordingly, resulting in the current decline. The interesting thing is that the giant whale entered the market again with multiple orders in the evening, but it ended regrettably!
Yesterday, the big cake still fluctuated at a small level, and the rebound was very weak. After the US stock market, it even reached a recent low of 1037. During the day, pay attention to the 1056 hour level. If it can rebound and stand firm at this position, there will be a possibility of upward exploration. At present, it is mainly high, pay attention to the support below 1037-1026
BTC: around 1048-1053, defend 600 points, look to 1037-1015
The aunt is also showing a bearish trend. Pay attention to 2586 for multiple orders. The rebound will be strong only if the hourly closing line breaks through this position. If it fails, the market will continue to fall. The support below is 2510-2479
ETH: around 2572-2558, defend 35 points, look to 2510-2456
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